Xi Jinping speaks on the Party

The CPC discerns and leads in the construction of a modern socialist nation

Since the declaration of the People’s Republic of China (PRC) on October 1, 1949, the Chinese socialist project has evolved through three stages. (1) The period of “socialist revolution and reconstruction” from 1949 to 1978, led by Mao Zedong, was characterized by the consolidation of state power and the socialist transformation of agriculture and industry. (2) The period of “reform, opening, and socialist modernization” from 1978 to 2012, led by Deng Xiaoping, was characterized by an emphasis on productivity, the introduction of market strategies in state-owned enterprises, the expansion of space for private enterprise, and the expansion of foreign investment and foreign commerce, all developed under state direction in accordance with a long-term development plan. The Reform and Opening had enormous success in unleashing economic productivity. (3) The third stage, led by Xi Jinping, began with the 2012 National Congress of the Communist Party of China (CPC). It has focused on improvi…